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Precoro

Precoro

Starting at $2,988 per year
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Overview

What is Precoro?

Precoro is a cloud-based solution for procurement process optimization. It aims to eliminate time-consuming manual procedures and human factor errors, and instead automates operations and centralizes purchasing processes. It enables users to:- Approve documents from any device using email or…

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Pricing

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Core

$249

Cloud
per month (billed annually)

Automation

$999

Cloud
per month (billed annually)

Suite

Individually Tailored Pricing

Cloud
per year

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://precoro.com/pricing

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Starting price (does not include set up fee)

  • $2,988 per year
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Product Demos

Precoro Oath Demo Google

YouTube

Precoro OAuth Demo Video

YouTube

Precoro Integration with Xero | Integration Demo

YouTube

Expense Module Overview | New Module Demo

YouTube

What is Precoro? | Procurement Software Demo

YouTube

Precoro Integration with NetSuite | Integration Demo

YouTube
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Product Details

What is Precoro?

Precoro is a cloud-based solution for procurement process optimization. It aims to eliminate time-consuming manual procedures and human factor errors, and instead automates operations and centralizes purchasing processes. It enables users to:

- Approve documents from any device using email or Slack notifications. Users can streamline approval workflow by adding as many steps as needed and assigning specific roles for colleagues.

- To save money from the purchasing budget, Precoro tracks discounts to avoid spending more than planned. It can increase cash flow transparency by monitoring corporate expenses (including reimbursements). And it provides analytics and reports so users can plan the procurement strategy more thoughtfully.

- Users can create, approve and track POs or transfer orders from Amazon Business via Punch-in. Manage suppliers, item catalogs, and inventory.

- Precoro connects with an ERP and other business tools using ready-made integrations (NetSuite, QuickBooks, Xero) or its API. This helps to avoid duplicated payments and manual document matching.

- Data is kept secure with SSO and 2-factor authentication.

Precoro's interface allows users to forget about complex onboarding and long-lasting training. Customers get advisory and support from a personal CSM anytime it is needed. Precoro grants access to all features and updates regularly. Precoro is available for a 14-day free trial, to experience its features firsthand.

Precoro states they pursue the following values:

  • Ease of Use. Precoro's interface helps to integrate all company's operations within 2 weeks.

  • A 14-day free trial. 2-week access to all features without providing credit card information to ensure Precoro is the perfect fit for the business.

  • Mobile-friendliness. The Precoro mobile app is compatible with both iOS and Android devices, allowing access to important elements of the procurement process from a smartphone.

  • Simple Implementation. Precoro can be set up in a couple of hours with the help of a CSM, and used for years. A guided switch from a currently procurement management method is offered.

  • Lifetime Support. Includes real-time procurement advisory and support from Precoro experts.

  • Flexibility. Precoro can be adjusted according to the company's needs, with an unlimited number of custom fields at no extra cost.

Precoro Screenshots

Screenshot of Purchase RequisitionScreenshot of Purchase Order ManagementScreenshot of The view of the Purchase Order: approval information, live budget information, and Supplier infoScreenshot of ConfigurationScreenshot of DashboardScreenshot of BudgetsScreenshot of Item CatalogScreenshot of Approval Workflow for all document typesScreenshot of ReportsScreenshot of Supplier managementScreenshot of Reimbursement Management

Precoro Video

Precoro Review: How Ridgeline Discovery Reduced Invoice Processing Time by 90% in a Month

Precoro Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
Supported CountriesAustralia, Canada, Europe, United Kingdom, United States, Asia
Supported LanguagesEnglish, Spanish, French, German

Frequently Asked Questions

Precoro starts at $2988.

Procurify, ProcurementExpress.com, and Tradogram are common alternatives for Precoro.

The most common users of Precoro are from Mid-sized Companies (51-1,000 employees).

Precoro Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)20%
Mid-Size Companies (51-500 employees)60%
Enterprises (more than 500 employees)20%
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Comparisons

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Reviews From Top Reviewers

(1-5 of 16)

Precoro - User Friendly Sytsem

Rating: 10 out of 10
February 22, 2023
DN
Vetted Review
Verified User
Precoro
1 year of experience
MyBucks Banking Corporation uses Precoro for purchase order creation and delivery, visual analytics expenditure by departments, receiving, three-way matching. Precoro has managed to address many business problems including, real time tracking of expenditure by departments, Cost saving such as reducing printing cost, Increase staff productivity. Consequently, it has reduced duplication of invoices payable to suppliers.
  • Budget tracking
  • Visual Analytics
  • Notification of duplicated invoices
  • Sending Purchase Orders directly to suppliers
  • Ability to download reports
Cons
  • Option to print directly on Precoro
  • Functionality to select different branches under one invoice when the invoice is applicable to branches more than one
  • Notifications to alert the authorizer when the approval is taking so long to approve
Budget tracking on expenditure by departments - Precoro assists with budget tracking on the total budget which is allocated to each department. If the budget has been exhausted an alert is made for exceptional approval to the budget.

Duplication of invoices. When a supplier bills us the same invoice twice, Precoro makes a notification that an invoice with the same number was already uploaded for payment.


Excellent solution for Procurement and Spend Management

Rating: 10 out of 10
July 01, 2022
MD
Vetted Review
Verified User
Precoro
1 year of experience
The program is used to control the procurement cycle of the entire company by individual departments or locations. From office equipment to service subscriptions, tracking all statuses from requisition to payment.I use it at least weekly. Requests are created intuitively and in handy, as the catalog of the products I need is already here. I can also generate warehouse requests from the inventory section. The approvals are much faster because my manager is notified immediately and can confirm it from his phone. Thanks to the budgets, there is complete visibility of the current expenses and the number of remaining funds for a certain period.
  • Procure-to-pay process covering
  • Visualizing budget control
  • Notification for faster approvals
  • Distribution of processes by departments
Complete control over the company's spending One place for all requisitions and purchase orders Manual work elimination Accessibility from any devices Customizable documents

Awesome software for procurement and spend management

Rating: 10 out of 10
June 13, 2022
TT
Vetted Review
Verified User
Precoro
1 year of experience
Precoro is a great place to keep all purchasing data. We can add all employees to leave purchase requests, and track them right for the payment stage. I use it for budget control, reports, spending analytics, and strategic cost optimization. The tool is very customizable, it allows us to set up processes according to our company's needs and our Support Manager helps us to do it in the best way.
  • Customizable reports creation
  • Spend control among projects
  • Deep spend analytics and expense optimizing
  • Ordering process
  • Purchase requests management
  • Ability to adjust to companies' work processes
Cons
  • Inventory management can be too basic for some companies. Now, it fully covers our needs.
Requisition Management Spend Management Expense Analytics Multi locations/projects/departments Purchase Order Management

Powerful procurement software!

Rating: 10 out of 10
May 25, 2022
AT
Vetted Review
Verified User
Precoro
1 year of experience
We gain complete control over all our purchasing operations, from purchase requisition (which can be easily created thanks to the item catalog) to inventory control. Precoro allows checking all order stages and payments, setting up and controlling budgets, and creating visual reports in real time.
  • Vendor management with supplier portal and item catalog.
  • Matching PO with Invoices. So we can eliminate double payments.
  • Budgets with a progress bar for each project.
  • Many custom fields for report creation to improve analytics.
  • Customer support and advising.
Cons
  • I would like to see a complete approval history for each order.
Vendor Management, price comparison Purchase order tracking Complete spend control, including reimbursements Accounting integration to reduce manual work

Happy Precoro customer

Rating: 10 out of 10
June 20, 2022
VS
Vetted Review
Verified User
Precoro
1 year of experience
I use Precoro about 1-2 times a week mainly to register the necessary orders for specific projects. The tool is very flexible and allows me to add as many custom fields as I need. I can create customizable reports to analyze spending and plan future budgets. They can be in table form or with visualization.
  • Scaling by locations, projects, and departments
  • Purchase order tracking
  • Purchase management
  • Reports creation
  • Spend Management and Spend analytics
Cons
  • Mobile app development (for IOS/Android)
For streamlining approval process
To keep all spend under control
Helps to create clear purchasing strategies for future
Time and money saver
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